The 500K Challenge – August update

Another month, another update as we are closing in on the end of a great summer. At least when it comes to weather. The finances? Not so much…

Take a look at my August below, and dont forget to subscribe.

This is going to be a fairly short update, but I can tell you that I have freed up a bit of cash to invest during the month of september to help getting this investment ball rolling.

I am not sure where to place them, though. There are many opportunities to investigate and try out such as Forrest, Bitcoins and new Crowdlending platforms. I’ll let you know what I decide in a Monday Rambling or next month update…

Quickly to the numbers:

Real Estate: 1.333,33€ (+0,00 €)

Move along, still nothing to see here…

Read more on my Real Estate experiences here.

Stock Market: 3.502,81 € (-5,60 €)

A big part of the month was quite poor with red numbers across the board, but on the last two days of the month, the markets changed for the better and brought me back to all square.

Take a look at my Stock Market portfolio here.

Crowdlending: 2.013,07 € (+20,51 €)

The ongoing cash drag from Envestio is stopping the total XIRR from continuing to rise. Over 1/3 of my money at Envestio is currently gathering dust due to very few projects being released. Only two this month as far as I remember. They are apparently working hard to bring new projects, and with the still market leading profits, I am in no hurry.

Crowdlending portfolio here.

Sportsbetting: 4.498,56€ (+343,61 €)

Finally a really solid month for this investment. Hoping for more of the same in september.

Total bets: 68
Total stake: 3.073,14 €
Profit/loss: +310,22 €
ROI: +10,7 %
Bonus income: +33,39 €
Total profit/loss: +343,61 €

More on my sportsbetting here.

Betfair trading bankroll: 10.727,31 €
Cash reserve: 3.444,74 €

Total Portfolio Value: 25.476,88 € (+258,53 €)

Not much else to say, really. Have a great September!

Jesper/The Trading Dane

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